Mentioned In 70 Articles

...ting power to influence corporate governance and management practices in these key areas... BlackRock, Inc. ("BlackRock") recently published its updated "Proxy Voting Guidelines for US Securities".1 Consistent with Black...

...es on hotbed issues such as climate change and executive pay. It also comes as Vanguard and its closest rival BlackRock, Inc. (BLK) could become even bigger, managing $20 trillion in combined assets in under a decade acc...

...ture. Upon initial inspection, UPS shares appear to be mostly owned by the usual suspects including Vanguard, BlackRock and State Street. However, these and other institutional investors own Class B shares, which overall...

...oted against chairs at 400 companies who had not taken any steps to improve gender diversity on their boards. BlackRock (BLK) also voted against directors on corporate boards that lacked gender diversity last year, and p...

...rall average board tenure is excessive and/or individual director tenure is excessive." That being said, only BlackRock has been involved in one activist campaign against a company, according to FactSet Research Systems ...

...ettle a challenge to its board just hours before a shareholder vote, only to back out after it found out that BlackRock Inc, one of its top investors that was supportive of Sarissa, switched sides and sided with the comp...

...sidy” given to such systems. The BlackRock and ISS messages suggest the benefit of accelerating such efforts. BlackRock clearly intends to motivate companies to focus both on making a positive contribution to society, as...

...rs LLC, The Vanguard Group Inc. and Fidelity Management & Research company declined to comment Tuesday, while BlackRock Institutional Trust Company did not immediately respond to requests. Chip Wilson, Lululemon’s founde...

...In terms of power, shareholders often have the last word, especially with a strong vote. We saw Blackrock demonstrate this on Tuesday as their CEO sent a letter to thousands of companies they hold in mutual fun...

...uch can BlackRock do to push companies in the direction it wants them to go? The answer is: not much. Because BlackRock traffics primarily in index funds, it can’t sell stocks of companies whose strategies it disapproves...

...hat 36% of 397 independent director slots open in the 2017 proxy season went to women and 20%Â to minorities. BlackRock andÂ State StreetÂ Global Advisors lastÂ yearÂ pressuredÂ boards to add more diversity by voting aga...

...he company’s policy of not permitting engagement between independent directors and shareholders. As a result, BlackRock voted against the company’s lead independent director and the chair of the committee responsible for...

...e world’s biggest passive investors, is doing right now. In his annual letter to the boards of companies that BlackRock has a stake in (which is most of them), he argued that “every company must not only deliver financia...

...ree years under the new leadership of Barbara Novick, a vice chairman who helped found BlackRock, Fink said. "BlackRock recognizes and embraces our responsibility to help drive this change," Fink wrote. He continued: "Th...

... a thing that we do over bottles of wine. If they're lucky, they get a really nasty cup of BlackRock coffee." BlackRock has more staff dedicated to these discussions and other investment stewardship tasks than Vanguard o...

John has served the BlackRock board with distinction for many years, providing exceptional guidance and counsel. BlackRock and its management team have benefited greatly from his contributions, and I feel privileged to count him as a friend.